IDEAS home Printed from https://ideas.repec.org/a/cup/intorg/v13y1959i4p646-648_15.html
   My bibliography  Save this article

International Monetary Fund

Author

Listed:
  • Anonymous

Abstract

The Tenth Annual Report on Exchange Restrictions of the International Monetary Fund (IMF), covering the period from May 1958 to April 1959, was transmitted to members and governors of the Fund on June 3, 1959.1 In Part I of the report the establishment of external convertibility of the major European currencies was described as the most important single achievement of the postwar period in the field of exchange restriction. This event took place at the end of 1958, while in early 1959 other countries adjusted their exchange control regulations to the new conditions. A major factor behind the move was pinpointed as the general gain in strength, both economic and financial, of the industrialized countries and, with the exception of the United States, their substantial addition to their gold and dollar reserves. Most of the less developed countries continued to experience difficulties, according to the report, but several were putting into effect comprehensive stabilization programs which included the simplification of their exchange systems. The report considered the immediate effects of this concerted move and the impact it might be expected to have on the restrictions that still remained. It also pointed out that during the period under review appreciable further progress was made in the substitution of unitary exchange rates for multiple currency practices, and that there was a general decline in the number of bilateral payments arrangements between member countries of the Fund.

Suggested Citation

  • Anonymous, 1959. "International Monetary Fund," International Organization, Cambridge University Press, vol. 13(4), pages 646-648, October.
  • Handle: RePEc:cup:intorg:v:13:y:1959:i:4:p:646-648_15
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S0020818300009413/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Cerutti, Eugenio M. & Obstfeld, Maurice & Zhou, Haonan, 2021. "Covered interest parity deviations: Macrofinancial determinants," Journal of International Economics, Elsevier, vol. 130(C).
    2. Roe, Terry L. & Shane, Mathew & Somwaru, Agapi, 2006. "Exchange Rates, Foreign Income and U.S. Agriculture," Bulletins 12975, University of Minnesota, Economic Development Center.
    3. Grant M. Scobie & Paul R. Johnson, 1979. "The Price Elasticity Of Demand For Exports: A Comment On Throsby And Rutledge," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 23(1), pages 62-66, April.
    4. Peter B. Kenen, 1985. "Forward Rates, Interest Rates, and Expectations Under Alternative Exchange Rate Regimes," The Economic Record, The Economic Society of Australia, vol. 61(3), pages 654-666, September.
    5. Javier G. Gómez-Pineda, 2016. "La flotación de 1957 y la estabilidad macroeconómica," Borradores de Economia 938, Banco de la Republica de Colombia.
    6. Javier G. Gómez-Pineda, 2016. "Inflación de costos: las devaluaciones de los años cincuenta y el brote populista de 1963," Borradores de Economia 924, Banco de la Republica de Colombia.
    7. Joseph G. Haubrich, 2021. "Does the Yield Curve Predict Output?," Annual Review of Financial Economics, Annual Reviews, vol. 13(1), pages 341-362, November.
    8. Lawrence B. Krause, 1960. "Patterns of United States Imports, 1947-1958," Cowles Foundation Discussion Papers 102, Cowles Foundation for Research in Economics, Yale University.
    9. Robert Pringle, 1989. "Financial Markets and Governments," WIDER Working Paper Series wp-1989-057, World Institute for Development Economic Research (UNU-WIDER).
    10. Pippenger, John, 2008. "Freely Floating Exchange Rates Do Not Systematically Overshoot," University of California at Santa Barbara, Economics Working Paper Series qt97m8z6hw, Department of Economics, UC Santa Barbara.
    11. D. K. Ghosh, 1997. "Arbitrage with hedging by forward contracts: exploited and exploitable profits," The European Journal of Finance, Taylor & Francis Journals, vol. 3(4), pages 349-361.
    12. André Roncaglia De Carvalho & - André M. Marques, 2018. "Economic Development And Inflation: A Theoretical And Empirical Analysis," Anais do XLIV Encontro Nacional de Economia [Proceedings of the 44th Brazilian Economics Meeting] 41, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    13. Eric Monnet & Miklos Vari, 2019. "Liquidity Ratios as Monetary Policy Tools: Some Historical Lessons for Macroprudential Policy," IMF Working Papers 2019/176, International Monetary Fund.
    14. Izatov, Asset, 2015. "The Role of Oil Prices, Real Effective Exchange Rate and Inflation in Economic Activity of Russia: An Empirical Investigation," MPRA Paper 70735, University Library of Munich, Germany, revised 2015.
    15. Asset Izatov, 2015. "The Role of Oil Prices, the Real Effective Exchange Rate, and Inflation in Economic Activity of Russia: An Empirical Investigation," Eastern European Business and Economics Journal, Eastern European Business and Economics Studies Centre, vol. 1(3), pages 48-70.
    16. Limam Ould Mohamed Mahmoud, 2015. "Consumer price index and economic growth: A case study of Mauritania 1990 - 2013," Asian Journal of Empirical Research, Asian Economic and Social Society, vol. 5(2), pages 16-23, February.
    17. Ghosh, Dilip K., 1997. "Risk-free profits with forward contracts in exchange rates and interest rates," Journal of Multinational Financial Management, Elsevier, vol. 7(3), pages 253-264, October.
    18. Yi Wang, 2010. "Convertibility Restriction Determination in China's Foreign Exchange Market and its Impact of Forward Pricing," Discussion Papers 09-024, Stanford Institute for Economic Policy Research.
    19. Javier G. Gómez-Pineda, 2016. "Inflación de costos: las devaluaciones de los años cincuenta y el brote populista de 1963 / Cost-push inflation: the devaluations of the fifties and the 1963 populist outbreak," Borradores de Economia 14204, Banco de la Republica.
    20. Nawalage S. Cooray, 2013. "An Empirical Analysis of Inflation-Growth Nexus in Developing Countries: The Case of Sri Lanka," Working Papers EMS_2013_21, Research Institute, International University of Japan.
    21. Simunek, Richard W., 1981. "Farm Sector Application Of -Flow-Of-Funds Accounting," Staff Reports 276729, United States Department of Agriculture, Economic Research Service.
    22. Godwin Kamugisha & Joe Eyong Assoua, 2020. "Effects of a Devaluation on Trade Balance in Uganda: An ARDL Cointegration Approach," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 12(7), pages 1-42, July.
    23. Ghosh, Dilip K. & Arize, Augustine & Ghosh, Dipasri, 2015. "Trades in commodities, financial assets, and currencies: A triangle of arbitrage, hedging and speculative designs," Global Finance Journal, Elsevier, vol. 28(C), pages 1-9.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:intorg:v:13:y:1959:i:4:p:646-648_15. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/ino .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.